Clue, a Berlin, Germany-based global female health tracking app, raised $20m in Series B funding.
The round was led by Nokia Growth Partners (NGP) with participation from existing investors Union Square Ventures (USV), Mosaic Ventures, Brigitte Mohn and Christophe Maire and additional new investors Giving Wings and Fabrice Grinda.
The company intends to use the new funds for ongoing development of the Clue app, giving its users smarter and deeper insights into their menstrual health, for expansion of the Berlin-based team, and growth in the US, its primary market, and in other markets around the world.
Led by Danish-born CEO Ida Tin, Clue applies machine learning to data relating to the female cycle, providing more than five million users in more than 190 countries with tools to predict their periods, fertile windows and premenstrual syndrome (PMS), informing them when they are the most or least likely to get pregnant. The latest feature, Clue Connect, gives users a secure way to share that information with partners, friends and family.
FinSMEs
30/11/2016